Oppenheimer analyst Jim Giannakouros maintained a Buy rating on ITT Corp (NYSE: ITT) today. The company’s shares opened today at $51.60.
According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 4.8% and a 50.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.
Currently, the analyst consensus on ITT Corp is Strong Buy and the average price target is $60.80, representing a 17.8% upside.
In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $62 price target.
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Based on ITT Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $101 million. In comparison, last year the company had a net profit of $46 million.
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ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets.
